ENThumb 19.11.2017


Forex Trading Weekly Review - 19.11.2017 (EURUSD, GBPUSD, AUDUSD, USDCAD, USDJPY)

    • 19/11/2017
    • EURUSD GBPUSD AUDUSD USDCAD USDJPY

Forex Trading Weekly Review - of 4 main Currency pairs EURUSD, GBPUSD, AUDUSD, USDCAD, USDJPY - based on Masterforex-V New Technical analysis.

EURUSD currency weekly review: On d1 and w1 level this pair is back to the flat phase. On h4 time-frame this level is now in a flat phase with narrow borders. Forex trading is happening by using flat trading system.

GBPUSD currency weekly review: On d1 and h4 level this pair stays in the flat phase. Reference points are the same

AUDUSD currency pair weekly review: This pair is back to the flat phase of d1 and weekly level. On h4 the reference point is broken and this pair is now in a trend phase of h4 as long as the pivot point is not broken.

USDCAD currency pair weekly review: Pivot point that was protecting weekly trend down is now broken. This pair is back to the flat phase of w1 time-frame. Impulse up is now finished and we have borders of new flat of h4.

USDJPY currency pair weekly review: Monthly and weekly flat phase is at the moment. Impulse up on d1 level has now stopped. We have a new FZR of h4 down - this pair is now in a trend phase of h4 as long as the pivot point is not broken

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1. Strategy

Develop exact understanding of how Forex Market moves and identify the strategic direction.

2. Tactics

Create a Tactical plan for each trading session based on your strategy. Know what you are doing and when you are doing it.

3. Trading System

Trading system is just a set of mathematical rules and nothing more.